Court asks to submit BB reserve heist report on Nov 16

A Dhaka court Sunday set November 16 to submit a probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016.
Metropolitan magistrate of Dhaka, Md Arafatul Rakib, passed the order after investigation officer of the case failed to submit the probe report by Sunday (October 2).
Hackers stole $101m from BB's accounts with the Federal Reserve Bank of New York in February 2016. Of the amount, $81 million was transferred to four accounts with RCBC in Manila and another $20 million to a bank in Sri Lanka.
So far, Bangladesh retrieved $15 million from RCBC and recovered another $20 million sent to a bank in Sri Lanka. On February 1 this year, Bangladesh Bank sued Rizal Bank in US court to recover $66m of stolen funds.
Earlier a court fixed October 2 to submit the probe report. The CID has already passed six and a half years to probe into the case but failed to submit the probe report yet.
On February 4, 2016, hackers broke into the central bank's system and generated 70 fake payment orders to the Federal Reserve Bank of New York amounting to $1.94 billion.
The NY Fed's security system flagged the payment orders but only five of them fell through and $101 million was released.
On March 15, 2016, Bangladesh Bank filed a case with the Motijheel Police Station under the money laundering prevention act.
The Criminal Investigation Department of police is now investigating the case.
On March 22, 2016, the then Metropolitan Magistrate Md Mahbubur Rahman allowed CID to conduct forensic tests on the hard disks of three Bangladesh Bank computers. The three hard disks were seized from Bangladesh Bank, after the heist occurred.
Md Shah Alam said, the CID has taken 67 dates to complete its probe in the case filed over the heist of $101 million from Bangladesh Bank's account with Federal Reserve Bank of New York in February 2016.

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